TSX snaps 7-week losing streak despite healthcare sector & loonie down

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TSX snaps 7-week losing streak despite healthcare sector & loonie down

 TSX snaps 7-week losing streak despite healthcare sector & loonie down
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

It was a marginal 15.69-point gain at the end of the trading day Friday, May 20, for the TSX Composite Index but that meant that after seven consecutive weekly losses, the index ended a week in the green.

The benchmark index grew 0.49 per cent for the week after Friday’s gain of 0.08 per cent to end at 20,197.61. Healthcare was the only major sector that saw a significant change, down 2.3 per cent. Energy was up 0.5 per cent. Other than that, telecom and utilities gained 0.9 per cent each.

One-year price chart (May 20). Analysis by © 2022 Kalkine Media®

Volume actives

Western Energy Services Corp saw 22 million shares traded, making it the most active stock. It was followed by Great-West Lifeco Inc that saw nearly 10 million shares switch hands, and Crescent Point Energy Corp saw seven million shares traded.

Movers and laggards

Wall Street updates

The major Wall Street indices too budged little Friday. The S&P 500 was up 0.01 per cent to 3,901.36. Nasdaq’s benchmark lost 0.3 per cent to 11,354.62 and the Dow inched upward by 0.03 per cent to 31,261.90.

Commodities gain

Gold was up 0.05 per cent to US$ 1,842.10. The price of Brent oil rose 0.46 per cent and was at US$ 112.55/bbl and that of crude oil was up 0.91 per cent to US$ 113.23/bbl.

Currency news

The loonie lost 0.09 per cent compared to the US dollar while USD/CAD ended at 1.2836. The US Dollar Index was at 103.15 against the basket of major currencies, up 0.41 per cent.

Money market

The US 10-year bond yield was down 1.72 per cent to 2.788 and the Canada 10-year bond yield was down 1.73 per cent to 2.832.

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